Everything happening in Toronto real estate this week
Dear reader, Adrienne Clarkson, former representative of Queen Elizabeth II, has a beef with frat boys. Last year, Clarkson and a gaggle of other Annex residents lobbied city hall to crack down on the neighbourhood’s frat-house ragers: loud, obnoxious and soaked in booze. The city ignored the plea—just as it has brushed aside similar complaints from other Annex elites like Margaret Atwood and Galen Weston. My sympathies go out to the Annex’s gilded homeowners, but the neighbourhood’s range of personalities has always been what makes it great. U of T professors mixing with bohemians, heritage architecture flanked by modernist towers, fancy bars on the same block as Wild Wing. It’s beautiful, if you ask me. Curb Appeal’s top post today is the ultimate Annex house: a $5.8-million red-brick that’s half Victorian mansion and half modern loft. It’s also down the street from the Madison, so whoever ends up buying the place is in for a party. Also in today’s newsletter: what it’s like to live next to a canal for $700,000. And a peek inside three properties that just sold for under asking. For all our real estate coverage and more, visit torontolife.com or subscribe to our print edition. |
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| —Barry Jordan Chong, city and real estate editor |
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A five-plus-two-bedroom, eight-bathroom oddity of a triplex in the heart of the Annex. In 2013, the current owners replaced the property’s former garage with a 47-foot-deep carport and built a loft above with custom steel, glass catwalks and heated cherry hardwood floors. It’s within stumbling distance of the Maddy and the surrounding fraternities, while motorists are a short drive from the DVP. |
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| | This 1,000-square-foot bungalow stands in Lagoon City, the charmingly bizarre community on Lake Simcoe defined by its long shores, stilt houses and 18 kilometres of canals. It’s got multiple decks, a bunkie, and ample parking for both cars and boats. |
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| “Market uncertainty is the new normal,” says Vivian Souroujon of Forest Hill Real Estate. Souroujon recently sold a Beaches property at a discount, but it didn’t feel like a loss for her clients. Here, she offers advice for buyers currently on the hunt for new homes. |
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